READY 2026 Welcome

Now, of course, there's concern about AI and there will be growing opposition as there often is with new technology. Change can result in a great deal of dislocation and that dislocation can be painful. Yet, in almost every case, technology has freed people up to do more interesting work. It's resulted in greater productivity and more rewarding roles without a net long-term loss of jobs.

Now, regardless of whether somebody is excited about AI or fearful, the genie is already out of the bottle, and we're not going back to a world without it. Personally, my attitude has always been to embrace the future, to embrace new technology, and I believe the future belongs to those who do. And therefore, we decided to go allin with AI shortly after Chat GPT was announced a few years ago.

Of course, keeping up with the latest developments in this rapidly evolving field can be very challenging for companies. So, how do you educate your employees? How do you accelerate adoption? So we have a couple of internal initiatives that we use to deal with this. We have hackathons where internal teams must learn about the latest in AI to successfully build a project. We also formed a centralized team to help identify and support internal opportunities for AI adoption. And of course recent computer science graduates all have some knowledge of AI although it needs to be continually refreshed.

Now, in addition to going allin with AI, Inner Systems is also going through another major change. And as back in January, I appointed Don Woodlock to be president of the company. Now, let me be very clear. I am not retiring. I will remain a CEO. But my role has changed. Don is responsible for all day-to-day management of the company while I get to focus on strategy and technology which are the parts that I've always loved.

So why now? So I decided to make this change for two reasons. The first is that the company is in a particularly strong state. So I felt it was just the right time. The second reason is that continual evolution is always important. We need to stay ahead of the market and technology changes. And as we get larger, I think that requires an even greater focus on defining our strategies for the future and the technologies we need to get there. So that's what I love doing and that's what I'm going to focus on.

Now, one thing that will not change is our values or our culture. During my address at Global Summit in 2023, I spoke about how strong, stable cultures are hard to change and how a strong culture is a good indicator of future success. I also said that when it comes time to make a change in management, it'll be somebody who embraces our lives and lives our VA values and culture, someone who has a strong technical background, and somebody who loves technology. This is clearly all true of Don. Don is an MIT graduate who started as a programmer. He's passionate about technology. He's embodied our customer first culture since he first arrived. And he's been very prominent in helping us incorporate AI into all of our products and our business.

Now, for the last eight years, Don has been our vice president of health solutions and that will likely cause some speculation as to whether we are only going to focus on healthcare. So, let me be very clear about this. That is not the case. We are fully committed to being a multi-industry company and further expanding our database platforms business in other verticals.

What also won't change is our financial structure. I have made arrangements to ensure that the company will remain private in a well-governed trust in perpetuity, free from the financial pressures of investors that could affect our culture and long-term focus.

So with that, so with that, we have a lot to talk about in show today. So let's just get right to it. But first I just want to say once again thank you. Thank you for your business. Thank you for putting your trust in us. And thank you for being here today. Thank you.